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To: vip who wrote (21803)	11/17/1997 4:18:00 PM
From: Paul Merriwether	Respond to of 176387

SOME EXCERPTS: <<Japan's Reversal of Fortune Returns It to Days of Malaise By DAVID P. HAMILTON Staff Reporter of THE WALL STREET JOURNAL TOKYO -- Until a few months ago, government officials and many private economists alike believed that Japan's economy was finally on the upswing after years of stagnation. ... But in the last few months, matters have taken a negative turn in Japan, which now faces the possibility of another bout of extended stagnation or even another recession. Japan could conceivably find itself in a classic recessionary spiral, one that could threaten the U.S. and Asia as well. A stagnant Japan won't be an attractive market for desperate-to-export Asian firms, and it is likely to generate even higher exports to the U.S. and Europe. etc. etc. >> Does not look good!